BLOCKCHAIN AND THE FUTURE IN TRAVEL AND HOSPITALITY

Abstract

Blockchain technology has the potential to completely transform the travel and hospitality sectors by improving efficiency, security, and transparency across a wide range of operations. This study investigates how blockchain technology might simplify procedures including automated reservations, decentralized reviews, and safe traveler identification. Blockchain can establish seamless loyalty programs, save transaction costs, and do away with middlemen by using smart contracts. Furthermore, the decentralized structure of blockchain guarantees data security and fraud protection, both of which are essential in the global travel industry. Blockchain's potential in this industry is expected to transform company models, enhance consumer experiences, and spur innovation in fields including supply chain management, cross border payments, and customized travel services. This study looks into how the sector might use these technologies to adjust to changing market trends and customer demands